The German economy is expected to have recovered more strongly than expected in the final quarter of 2016, with a rise in industrial orders and several surveys reporting market confidence, according to the Ifo Institute. […]
When the Federal Reserve announced its rate hike this week, the news sent Chinese bond futures, the value of the yuan and mainland stock markets falling. A strengthening US currency and higher dollar-denominated interest rates […]
Greek Prime Minister Alexis Tsipras approached several EU leaders at a summit in Brussels arguing that the suspension of the country’s debt-relief scheme should be lifted. The EU froze action on the relief measures this […]
The U.S. has launched a challenge to China’s use of tariff-rate quotas for rice, wheat and corn at the WTO, charging that China’s administration of the program breached its WTO commitments and hurt U.S. farm […]
Goldman Sachs raises its oil price outlook for Q2 2017, but warns dollar strength could limit the near-term upside for oil prices. The bank lifted its oil price outlook for the quarter to $57.50/bbl from […]
“Gold has gotten smoked,” as futures prices plunged $33.90/oz., or 2.9%, yesterday to $1,129.80 for the lowest settlement since Feb. 2 and the largest single-day dollar and percentage loss since Nov. 11. The yellow metal […]
Japan has overtaken China as the biggest holder of U.S. government bonds, as figures for foreign ownership of U.S. Treasurys in October show that China’s holdings declined to the lowest in more than six years […]
The Bank of England’s Monetary Policy Committee has opted to keep interest rates pegged at 0.25% and continue its quantitative-easing scheme. However, the central bank warned of a possible inflation rise and slower wage growth […]
The Federal Reserve has increased its benchmark interest rate to between 0.5% and 0.75% and has forecast a faster clip of increases next year. The move is seen as a response to President-elect Donald Trump’s […]
Banks must control credit to coal and steel firms that are violating capacity cuts, said the China Banking Regulatory Commission. Instead, the CBRC has encouraged banks to use financing for mergers and restructuring in the […]
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